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Select board to pursue negotiation on solar array; committee hears CPACER financing could span decades
Summary
Committee members reported the select board accepted a presentation on a potential town solar array and directed the town manager to negotiate; CPACER financing — which committee members said can allow up to 30-year payments — will be explored as a funding pathway.
A committee member briefed colleagues that the select board voted to accept a proposal on purchasing a solar array and has tasked the town manager with negotiating terms with the owner. The committee discussed how financing might work and whether CPACER adoption by the select board could enable longer payment terms.
One member noted CPACER provisions discussed in the meeting would allow financing over multi‑decade terms, potentially enabling the town to pay over an extended period rather than entirely from capital cash. The committee asked the town manager and staff to investigate financing options, pricing, and whether CPACER adoption or other town actions are required.
